The Venture Intelligence Blog

Even as the question of whether Flipkart can provide profitable exits to its investors remains a multi billion dollar one, the firm has started to see high profile exits of a different kind: that of its top executives that it had attracted through acquisitions (especially Mukesh Bansal of Myntra ) and from Silicon Valley. The recent exit of Flipkart Chief Product Officer Punit Soni (who had joined it from Google) has received a lot of coverage in the media - including ET Now 's interview with Soni on why (a polite techie sounding "There are a couple of areas that I'm interested in working on that are not orthogonal to Flipkart's interest") and what next for him (he's headed back to the US to work on a new venture). According to recruiters and others interviewed by Mint , "cultural differences" (between start-ups in Bangalore and Silicon Valley) is the key reason for the disenchantment of the Valley Hires. Extract: ...“People from Silicon Valley ...

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I was recently a guest at the Insead "India Business Dialogue" event at Bangalore. The event aimed to provide Insead grads - who are naturally mostly employed at large corporations - on starting up, attracting venture capital and, if the entrepreneurial plunge is too much of a risky leap, getting hired by a startup. If the grads thought getting hired by a startup sounded safer, they had anothing think coming. The last session (on joining a startup) had one representative each from a VC firm, a HR Services firm and a veteran entrepreneur. And here's a sample of what they had to say about startup hiring techniques: The Entrepreneur: One of my friends makes sure to pour coffee on the candidate and takes a call based on how the candidate reacts. The HR Person: We offer to send a cab for picking up the candidate. And we generally don't bother to. We - and out clients - like to see whether the candidate turns up late and cribs about the taxi or figures...